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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingEurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were...) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among...) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingEurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... significantly by Eurobank’s sale of a package of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. The sale was finalised on November 13. Eurobank stated that around 600
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingEurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing... part in reducing NPE stock going forward. Currently, Eurobank’s bad loan portfolio up for sale... for Eurobank. Under the adverse scenario, the bank’s CAD, including the effect of Tier II securities
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingnext phase at the start of 2019, when Eurobank, which had announced its merger with Grivalia... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total... will retain the potential upside from the NPEs. Eurobank recorded net profits of 45.1 million euros in Q3
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Eurobank first to tackle NPL reduction via APS
EconomyBankingEurobank is planning to use 2.5 billion euros of state guarantees from the Hercules plan... the bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... and the Cairo securitisation mezzanine note following Eurobank’s call for binding offers from
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingby Eurobank at 958 million. In contrast, Alpha and Piraeus displayed revaluation gains of 337 and 370... in the banks’ capital. The most important development relates to Eurobank, where HFSF participation... of 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyin the participation of Capital Group in Eurobank’s share capital (by 118 million) partly offset by an inflow of 61 million from an increase in the participation of Fairfax in Eurobank’’s share capital. For the 3-month... a sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingon the new bank recap framework mainly involves the drawn-out equity increase at Eurobank... losses under such a provision. Eurobank’s current stock price stands at 0.47 euros. This implied... full voting rights in banks previously fully recapitalized by the HFSF (such as Eurobank), unless its
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs... euros in their balance sheets. Eurobank sold a pool of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. As Eurobank communicated in its recent earnings call, 620
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingEurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2..., while interbank repos grew to 5.2 billion euros in March. Also in October 2017, Eurobank became... becomes effective as of 2018, but can be adopted earlier. Eurobank highlighted First Time Adoption (IFRS9
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